Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
XRP, one of the most popular cryptocurrencies out there, could be gearing up for a major bull run in the next few months — March, April and May, to be exact. Why? Well, it’s all in the numbers.
According to historical data from CryptoRank, XRP has a pretty interesting track record during these months. On average, the returns for March, April and May stand at +19.9%, +26.6% and +27.4%, respectively. That’s not too bad, especially when you consider that the last time XRP saw negative results across all three months was way back in 2016 — nine years ago.
Tomiwabold OlajideBut before you get too excited, there’s a catch. Or actually, two catches. First, the median returns for these months paint a less rosy picture: -1.65% in March, +0.79% in April and -4.40% in May. Not exactly the kind of numbers that make you want to go all in.
Second, and this is the big one, predicting anything in the crypto market with certainty is pretty much a one-way ticket to getting “rekt." The market is wild, unpredictable, and doesn’t care much for historical patterns when it feels like breaking them.
Alex DovbnyaStill, XRP is not just any cryptocurrency. It is one of the oldest players in the game, and its price history does offer some clues, even if they are not set in stone. While it’s all speculation at this point, the possibility of double-digit percentage gains is enough to make anyone at least keep an eye on what’s happening.
So, as we sit just five days away from March, the question is: Will history repeat itself? Or will XRP throw a curveball and defy expectations? Either way, the next few months could be interesting for this digital asset.
Dan Burgin
Vladislav Sopov